Minimum Wage System

Minimum Wages in Major Countries

GO

Countries notifying minimum wages per hour

Exchange rate(Based on the average rate of 2007):1$=929.18 won, 1=1,273.12 won

Exchange rate(Based on the average rate of 2007):1$=929.18 won, 1=1,273.12 won
Country Applied year Minimum Wages per day Per
capita
GNI
('06,$)
Others
Local currency Converted
into
dollars($)
Converted
into
won(₩)
Korea Jan. 1 2008. ~
Dec. 31, 2008
₩3,770 4.06 3,770 17,690 Bonus & Accommodation costs are excluded
Japan Oct. 28, 2007 ~

¥618~739

5.25~6.28 4,870~5,830 38,410 Minimum wages by region and industry. Bonus excluded. Cost of accommodation& meals are included(However, allowance in kind for meals is excludes)
USA Jul. 24, 2007. ~
Jul. 23,2008.
Jul. 24, 2008 ~
Jul. 23, 2009
$5.85 $6.55 5.85 6.55 5,430 6,080 44,970 Federal minimum wage, Bonus & accommodation cost are included

※From July 24, 2009 : 7.25 $

Canada Jul. 1, 2007 ~ C$7.25~8.5 6.74~7.91 6,260~7,350 36,170 Minimum wages of each state
New Zealand Apr. 1, 2008 ~ N$ 12.00 8.88 8,250 27,250 Workers aged 18 years or older. Accommodation costs are included
Italy Mar. 3, 2004 ~

?6.70

9.18 8,530 32,020 For manual workers, the lowest level
UK Oct. 1, 2007 ~
Sept. 30, 2008

£5.52

11.04 10,250 40,180 Workers aged 22 years or older. Bonus and the accommodation costs are included (up to 14 %)
France Jul. 1, 2007 ~
Jun. 30, 2008

?8.44

11.56 10,740 36,550 For the work of 35 hours or longer per week, bonus and accommodation costs are included
Ireland Jul. 1, 2007 ~

?8.65

11.85 11,010 45,580 For skilled workers aged 18 or older. bonus and accommodation costs are included
Denmark 2003~

?8.8

12.06 11,200 51,700 Non-skilled workers
Germany Sept. 1, 2007 ~

?10.40(West Germany)

? 9.00(East Germany)

14.25 12.33 13,240 11,450 36,620 Collective agreements by region and industry are notified(ordinary construction workers)
Norway 2002~ NOK 90 15.30 14,210 66,530 Company management and workers decide on minimum wages based on the guidelines for collective bargaining on wages.

Note : The names of OECD member countries are shaded. The amounts converted into won are in round figures and decimals are cast away【☞This rule is also applied in the rest of the tables】

References : ILO, EU-Eurostat, FedEE(Federation of European Employer), US Department of Labor, UK Minimum Wage Committee, Central Deliberative Committee on Low Income of Japan, World Bank【☞ These references are also used for the rest of this document 】